Buy to Let by Foundation has appointed Peter Olasoji as an additional regional account manager in the South. He joins for firm with immediate effect and will be working on existing and new adviser relationships, helping firms making the most of the buy-to-let (BTL) advice propositions, working with existing regional account manager, Jack Gerasimov. Olaosji has been working in finance for 11 years and property finance for the last six, starting as an internal and external business development manager (BDM), most recently as a BDM at Market Financial Solutions.

Together has made reductions across its commercial and personal product ranges. The lender has reduced rates on its first charge loans to start from 8.10% for two-year fixed rates, 7.74% for five-year fixes and 9.85% for variable rates. In its regulated second charge range, two-year fixes now start from 8.40% and 8.05% for two- and five-year fixes respectively, while its variable rates start at 10.35%. For BTL products, first charge loans are available at 8.49% and 9.24% for two-year and variable fixes respectively, while second charge loans are available at 9.49% and 9.99% for two-year and variable fixes respectively.

Leeds Building Society has increased its maximum LTV ratios for new build properties and flats, alongside further rate reductions across its residential mortgage range. Coupled with the affordability offered by Leeds on properties with EPC ratings of A and B, its lending criteria on new builds has now been further bolstered. For new builds, the maximum LTV on new cases for standard residential houses will increase from 90% to 95% and the maximum LTV on new build flats will increase from 80% to 85%. In addition, the maximum LTV for non-new build flats will increase from 80% to 95%.

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